Ball Corp (NYSE: BALL) SVP granted deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ball Corp senior vice president and chief growth officer Carey Causey reported an acquisition of deferred compensation units linked to company stock. The award covered 2,265.4332 units at a reference price of $52.97 per unit, bringing her direct holdings in this deferred compensation instrument to 4,475.5925 units.
According to the plan terms, each unit may be settled in the future for one Ball Corp share or an equivalent cash amount, with distributions generally made upon separation from service under the company’s Deferred Compensation Company Stock Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Causey Carey
Role
SVP & Chief Growth Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Compensation | 2,265.433 | $52.97 | $120K |
Holdings After Transaction:
Deferred Compensation — 4,475.593 shares (Direct)
Footnotes (1)
- Each unit may be settled for a single share of stock or the equivalent amount of cash pursuant to the Ball Corporation Deferred Compensation Company Stock Plan. Shares awarded under the Deferred Compensation Company Stock Plan for deferred compensation and the Company match. Stock units in Ball Corporation's Deferred Compensation Company Stock Plan are distributed upon the separation of service in accordance with the Plan.
FAQ
What insider transaction did BALL SVP Carey Causey report on this Form 4?
Carey Causey reported receiving 2,265.4332 deferred compensation units tied to Ball Corp stock at $52.97 per unit. These units are part of the company’s Deferred Compensation Company Stock Plan and increase her total direct deferred units to 4,475.5925.
What type of security did BALL executive Carey Causey acquire?
Carey Causey acquired deferred compensation stock units rather than regular shares. Each unit is linked to Ball Corp stock and can later be settled in one share or equivalent cash, under the terms of the Deferred Compensation Company Stock Plan.
How many Ball deferred compensation units does Carey Causey now hold?
After the reported grant, Carey Causey directly holds 4,475.5925 deferred compensation units. These units are awarded under Ball Corporation’s Deferred Compensation Company Stock Plan and represent future rights to stock or cash upon separation of service, subject to plan rules.
At what price were Carey Causey’s new Ball deferred units valued?
The 2,265.4332 newly awarded deferred compensation units were valued at $52.97 per unit. This price is used as the reference value for the grant under Ball Corporation’s Deferred Compensation Company Stock Plan for deferred compensation and company matching contributions.
When will Carey Causey’s Ball deferred compensation units be paid out?
The deferred compensation stock units are generally distributed upon separation from service, in line with Ball Corporation’s Deferred Compensation Company Stock Plan. At that time, each unit may be settled in one share of Ball stock or an equivalent cash amount, as the plan provides.